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REC Ltd.
BSE: 532955 | NSE: RECLTD
Mid Cap | Finance Term Lending
333.95
-1.30 (-0.39%) REC’s Q1 net profit jumps 13%
Date: 10-08-2011Rural Electrification Corporation (REC) has reported unaudited results for the first quarter ended June 30, 2011.
The company’s net profit for the quarter ended June 30, 2011 rose by 12.70% at Rs 661.96 crore as compared to Rs 587.36 crore for the corresponding quarter last year. Its total income increased 23.03% at Rs 2372.88 crore for the quarter under review from Rs 1928.77 crore for the same quarter last year.
Rural Electrification Corporation is engaged in providing financial assistance to state electricity boards, state government departments and rural electric co-operatives for rural electrification projects as are sponsored by them.